#OrderTypes101 Understanding order types is key to controlling your trades and managing risk. A market order executes immediately at the best available price — fast, but not always precise. A limit order lets you set your price, offering control but no guarantee of execution. Stop orders help trigger buys or sells once a specific price hits — perfect for stop-losses or breakout entries. Then there's the stop-limit order, combining conditions for extra precision. Pro traders use a mix of these to plan entries, exits, and protect against volatility. Mastering order types isn't optional — it’s essential for consistent, confident trading.